UK Tier One aircraft components supplier GKN has rejected a second takeover bid from turnaround specialist Melrose. GKN, which is a major supplier to both Airbus and Boeing and is the world’s largest provider of aircraft transparencies, has been trying to fend off Melrose, which claims it will improve profits by cutting costs and streamlining the 259-year-old British engineering giant. Over the weekend, GKN—which has two main divisions serving the aviation and automotive ...

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